Hennion & Walsh Asset Management Inc. Has $6.61 Million Position in Waste Management, Inc. $WM

Hennion & Walsh Asset Management Inc. raised its stake in Waste Management, Inc. (NYSE:WM) by 23.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,927 shares of the business services provider’s stock after buying an additional 5,587 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Waste Management were worth $6,609,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WM. Cornercap Investment Counsel Inc. acquired a new stake in Waste Management during the 3rd quarter worth about $1,583,000. Wealthfront Advisers LLC boosted its position in shares of Waste Management by 3.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after purchasing an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. grew its stake in Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after purchasing an additional 5,588 shares during the period. Truist Financial Corp increased its holdings in Waste Management by 62.9% in the second quarter. Truist Financial Corp now owns 268,033 shares of the business services provider’s stock worth $61,331,000 after purchasing an additional 103,487 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in Waste Management by 8.1% in the third quarter. Apollon Wealth Management LLC now owns 95,804 shares of the business services provider’s stock valued at $21,156,000 after buying an additional 7,143 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Waste Management Trading Up 0.5%

NYSE:WM opened at $219.40 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58. The company has a market cap of $88.39 billion, a PE ratio of 34.55, a PEG ratio of 2.45 and a beta of 0.59. The firm has a 50-day moving average of $212.40 and a 200-day moving average of $219.85.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is 51.97%.

Key Headlines Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Bernstein raised its price target on WM to $260 and kept an “outperform” rating, signaling ~18.5% upside from current levels and giving investors a near-term bullish catalyst. Bernstein PT Raised to $260
• Positive Sentiment: Brokerage consensus remains favorable — WM was given a “Moderate Buy” by analysts, which supports demand for the stock as investors look for stable, defensive growth and dividend/ESG exposure in the utilities-like waste sector. Consensus Rating of Moderate Buy
• Positive Sentiment: Analyst and media forecasts highlight WM’s market expansion and growing renewable-energy (gas-to-energy) business as long-term earnings drivers — a narrative that supports higher multiples and investor appetite for WM shares. WM Stock Price Prediction and Forecast 2026-2030
• Positive Sentiment: Industry tailwinds: a growing global medical-waste management market (projected to reach $12.2B by 2028) underlines structural demand for professional waste services and compliance-driven contracts that benefit large operators like WM. Global Medical Waste Management Market Report
• Neutral Sentiment: Valuation/techniques piece — a Yahoo Finance article estimating WM’s fair value offers analysis for investors but contains no immediate news catalyst; useful for longer-term allocation decisions rather than intraday moves. Estimating The Fair Value Of Waste Management
• Neutral Sentiment: Comparative write-ups (e.g., WM vs. smaller peers) provide context but are mainly informational and unlikely to move the stock by themselves. WM versus Shimmick Comparison

Analyst Ratings Changes

Several brokerages have recently commented on WM. The Goldman Sachs Group started coverage on shares of Waste Management in a research report on Monday, November 24th. They set a “buy” rating and a $256.00 price objective for the company. Truist Financial set a $260.00 price target on shares of Waste Management in a report on Wednesday, October 29th. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. Erste Group Bank downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Oppenheimer boosted their target price on Waste Management from $262.00 to $263.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $249.18.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.